Residents in Phoenix may have heard that the three companies, KKR & Co., Goldman Sachs Capital Partners and TPG Capital, that bought out much of Energy Future Holdings Corp. are struggling to recover just 3 percent of their investment. The energy company plans to file for business bankruptcy. The companies were negotiating a resolution in [...]
Simply Wheelz LLC, which does business as Advantage Rent A Car, filed for Chapter 11 bankruptcy protection on Nov. 5, 2013. The company offers car rentals in 33 states and has a location at Phoenix Sky Harbor Airport in Arizona. Advantage had been sold by Hertz Corp to Franchise Services of North America and Macquarie [...]
Arizona residents might be startled to learn that the Lehman bankruptcy is reportedly the largest one in history. Five years after the date of filing, the attorney fees for the case have reached an astonishing $2.2 billion. Numerous lawyers, consultants, accountants and other professionals have assisted in the bankruptcy since September 2008. According to [...]